THE ULTRA-WEALTHY ARE RAISING CASH TO NEW LEVELS, MARKETWATCH INTERVIEWS TIGER 21 FOUNDER

The Group’s total allocation to cash levels that have not been seen since the start of 2013.

Private equity remains preferred over public equity — 25% vs. 22% — reflecting the “edge” that TIGER 21 Members feel they get when investing directly in small companies.

Sonnenfeldt points out that TIGER 21 Members have one foot on “the brake because of concerns about expansion becoming a little long in the tooth” and “one foot on the gas because of a long-term optimism about the economy.”